YPFB expects revenues of $140 million annually after reactivating the urea plant

The state-owned oil company YPFB estimates annual revenues of between $120 and $140 million once the Ammonia and Urea Plant (PAU) reactivates fertilizer production. The plant's stoppage caused economic damage to the State, quantified at $291.19 million, related to lost profits, stoppage costs, repair of damaged equipment and lack of adequate maintenance.

Reactívate fair achieves $52 million in business intentions

The Fair for the Comprehensive Economic Reactivation for Bolivia 'Reactívate' achieved business intentions for $52 million. A total of 946 companies from all over the country registered for the fair. Source: El Deber

PIL stopped selling 81 MM litres of milk between 2020 and 2021

Between 2021 and 2021, the PIL industry stopped selling 81 million litres of milk throughout the country due to the entry of contraband dairy products, the fall in exports, low sales in the domestic market and the reduction in the purchase of milk for school breakfast. Given this situation, the industry decided to suspend the collection of 330,000 litres of milk on Sundays and collect only 50 per cent of that amount on Saturdays, affecting 5,000 producers.

Startup reaches a $1 million valuation

SOS Agro, an initiative that emerged in adversity and the midst of the health crisis, reached a valuation of one million dollars in a seed investment round. The idea designed to facilitate farmers' productive work through satellite images of their crops, which can be viewed and monitored through a mobile application.

Agro-environmental Court annuls judgment on a $61.6 million payment from Petrobras Bolivia

The First Chamber of the Agro-environmental Court annulled the sentence against Petrobras Bolivia, which ordered Petrobras Bolivia and its partners to pay $61.1 million to a family for the land where the San Alberto camp located. Source: El Deber

YPFB invests $37.2 million to increase its shares to almost 20% in Brazil’s TGB pipeline

YPFB Transporte S.A., through its subsidiary YPFB Transporte do Brasil, increased its shareholding in Transportadora Brasileira Gasoducto Bolivia-Brasil S.A. (TBG) from 12% to 19.88% with an investment of $37.2 million.

Tarija’s power distribution company records accumulated losses of $12.9 mn

The distribution company Servicios Eléctricos de Tarija (Setar), which depends on the Government of Tarija, has more employees than other companies in the country and an economic loss of Bs 90 million ($12.9 mn) accumulated in recent years.

331 kilos of gold seized from an Indian company went missing

Three hundred and thirty-one kilos of gold seized from the Indian importer GoldShine disappeared from the warehouses of that firm, which paradoxically had them in custody. The mineral is valued at $18 million, estimating that the State loses approximately Bs 9 million in royalties ($1.29 mn).

Soboce invests $30 million to modernize the Warnes cement plant.

Sociedad Boliviana de Cemento S.A. (Soboce) decided to invest around $30 million to modernize the Warnes cement plant (Santa Cruz). The new milling system, previously horizontal, is characterized by lower energy use, higher production capacity, and a better relationship with the environment. With the new mill, the plant will have a monthly production capacity of 59,400 tons of cement.

Natural gas consumption in the domestic market rose to 14 MMm3/d

According to data from YPFB Transporte, in the last 15 years, the demand for natural gas for the domestic market has increased from 4 million cubic meters per day (MMm3/d) to 14 MMm3/d. Furthermore, the need for this energy source has grown 250% since 2006, an aspect that positively impacts the economy. As a result, the state-owned company seeks to reduce operating costs.